NetLoan — Configure Global Settings and Loan Type for Servicer Loans
Overview
This article describes the one-time configuration required to enable Servicer entity type loans in NetLoan. Once complete, users can create servicer type loans, set up ownership records, and run the funding, draw, and distribution workflows that follow. Configuration covers two pages — NetLoan Global Settings (to enable Servicer Module Use) and the Loan Type record (to populate the items used for borrower billing, owner funding, and owner distribution).
Prerequisites
- NetLoan installed and the Servicer entity type framework included in the bundle (released starting in 2026.1).
- NetSuite role with permission to edit NetLoan Global Settings and Loan Type records (typically NetLoan Administrator).
- Standard NetLoan setup complete: subsidiaries, items, and GL accounts (Note Receivable, Interest, payment receivable clearing) already configured.
- The vendors, customers, and (where applicable) subsidiaries that will represent owners on Servicer loans should exist or be created as part of the broader implementation. Ownership records are not configured here — see NetLoan — Set Up Ownership on a Servicer Loan.
Setup Options
Navigation
- Top navigation: NetLoan > Setup > NetLoan Global Settings (one per account)
- Top navigation: NetLoan > Setup > Loan Types (one per loan-type configuration)
NetLoan Global Settings
| Field Name | Field Type | Description | Dependencies | Options / Example | Field ID |
|---|---|---|---|---|---|
| Module Use | List/Record (multi-select) | Sets the Entity Type(s) the bundle supports. Servicer must be included for any Servicer loan to be created. Multi-select so Servicer can run alongside Borrower, Lender, or Intercompany in the same account. | None | Borrower — bundle subsidiary is the borrower; Lender — bundle subsidiary is the lender; Servicer — bundle services loans on behalf of underlying owners; Intercompany — loans between subsidiaries within the same OneWorld instance | custrecord_da_gbl_module_use |
Loan Type Record — Primary Information
| Field Name | Field Type | Description | Dependencies | Options / Example | Field ID |
|---|---|---|---|---|---|
| Entity | List/Record | Determines which entity type loans created from this Loan Type can be. Must be set to Servicer (or include Servicer for setups that support multiple types). | Module Use must include Servicer in NetLoan Global Settings. | Servicer | custrecord_da_type_entity |
| Schedule Type | List/Record | Determines how the loan amortization is structured. Only Fixed Installment is supported when the Entity is Servicer — Dynamic Installment and Revolving are not selectable. | None | Fixed Installment | custrecord_da_type_schedule_type |
Loan Type Record — Funding Items
These items are used on the transactions created when an owner Funding Request is approved and processed.
| Field Name | Field Type | Description | Dependencies | Item Configuration | Field ID |
|---|---|---|---|---|---|
| Funding Invoice Item | List/Record | Item used on the invoice created in the loan's subsidiary when an owner Funding Request is processed. | Entity = Servicer | Non-inventory item for sale | custrecord_da_type_funding_invoice_item |
| Funding Bill Item | List/Record | Item used on the bill side of the funding flow when applicable. | Entity = Servicer | Non-inventory item for sale | custrecord_da_type_funding_bill_item |
Loan Type Record — Distribution & Sub Owner Items
These items are used on the transactions that pass borrower payments through to owners (distribution) and on the bills/invoices created in each subsidiary for Subsidiary Owners.
| Field Name | Field Type | Description | Dependencies | Item Configuration | Field ID |
|---|---|---|---|---|---|
| Distribution Principal Item | List/Record | Item used on the principal portion of distribution bills passed through to owners. | Entity = Servicer | Non-inventory item for purchase | custrecord_da_type_servicer_item_prncpl |
| Distribution Interest Item | List/Record | Item used on the interest portion of distribution bills passed through to owners. | Entity = Servicer | Non-inventory item for purchase | custrecord_da_type_servicer_item_int |
| Subsidiary Owner Principal Bill Item | List/Record | Item used on the principal portion of bills created in a Subsidiary Owner's subsidiary — for both Subsidiary Owner distribution bills and Subsidiary Owner funding bills (there is no separate Subsidiary Owner Funding Principal Item; this field is reused). | Entity = Servicer; only applies when at least one ownership record on the loan is type Subsidiary Owner | Non-inventory item for purchase | custrecord_da_type_sub_owner_item_prncpl |
| Subsidiary Owner Interest Bill Item | List/Record | Item used on the interest portion of bills created in a Subsidiary Owner's subsidiary. | Entity = Servicer; only applies when a Subsidiary Owner is on the loan | Non-inventory item for purchase | custrecord_da_type_sub_owner_item_int |
| Subsidiary Owner Principal Invoice Item | List/Record | Item used on the principal portion of the corresponding invoice created in the loan's subsidiary for a Subsidiary Owner (the intercompany pair to the Subsidiary Owner Principal Bill). | Entity = Servicer; only applies when a Subsidiary Owner is on the loan | Non-inventory item for sale | custrecord_da_type_sub_inv_item_prncpl |
| Subsidiary Owner Interest Invoice Item | List/Record | Item used on the interest portion of the corresponding invoice created in the loan's subsidiary for a Subsidiary Owner. | Entity = Servicer; only applies when a Subsidiary Owner is on the loan | Non-inventory item for sale | custrecord_da_type_sub_inv_item_int |
Loan Type Record — Other Settings
In addition to the Servicer-specific fields above, configure the Loan Type with the same regular settings used for a Lender entity-type loan — payment terms, frequency, calculation type, GL account mappings, late fees, and any other standard loan-type fields. The Servicer entity type does not introduce new requirements outside of the items listed in the tables above.
Use Case Specific Setup
Use Case: Servicing Loans for 3rd Party Owners Only
For clients whose Servicer loans always have external (vendor-based) owners — none of the owners are subsidiaries within the same OneWorld instance.
| Field | Setting | Notes |
|---|---|---|
| Module Use (Global Settings) | Include Servicer | Multi-select; can coexist with Borrower / Lender / Intercompany if used elsewhere |
| Entity (Loan Type) | Servicer | Drives field visibility on loans created from this type |
| Schedule Type (Loan Type) | Fixed Installment | Only supported schedule type for Servicer entity |
| Funding Invoice Item | Configured | Used on the single invoice generated for a 3rd Party Owner Funding Request |
| Funding Bill Item | Configured | Required field on the loan type even for 3rd Party-only setups |
| Distribution Principal Item | Configured | Used on the vendor bill produced for 3rd Party Owners during distribution |
| Distribution Interest Item | Configured | Used on the vendor bill produced for 3rd Party Owners during distribution |
| Subsidiary Owner items (4 fields) | Optional | Not used in 3rd Party–only setups, but populating them avoids errors if a Subsidiary Owner is later added to a loan |
Use Case: Servicing Loans for Subsidiary Owners (or a Mix of Subsidiary and 3rd Party)
For clients whose Servicer loans include other subsidiaries within the same OneWorld instance as owners. The full item set must be populated because every Subsidiary Owner produces an intercompany pair (an invoice in the loan's subsidiary and a bill in the owner's subsidiary).
| Field | Setting | Notes |
|---|---|---|
| Module Use (Global Settings) | Include Servicer | Multi-select; can coexist with Borrower / Lender / Intercompany / Servicer |
| Entity (Loan Type) | Servicer | |
| Schedule Type (Loan Type) | Fixed Installment | |
| Funding Invoice Item | Configured | Used on the invoice in the loan's sub for owner funding |
| Funding Bill Item | Configured | Used on the bill side of the funding flow where applicable |
| Distribution Principal Item | Configured | Used on the bill paid out to 3rd Party Owners during distribution |
| Distribution Interest Item | Configured | Used on the bill paid out to 3rd Party Owners during distribution |
| Subsidiary Owner Principal Bill Item | Configured | Used on the bill in the owner's sub — for both distribution and funding (no separate funding-side item exists) |
| Subsidiary Owner Interest Bill Item | Configured | Used on the bill in the owner's sub for the interest portion of distribution |
| Subsidiary Owner Principal Invoice Item | Configured | Used on the corresponding invoice in the loan's sub (intercompany pair to the bill) |
| Subsidiary Owner Interest Invoice Item | Configured | Used on the corresponding invoice in the loan's sub for the interest portion |